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Retro tax must be resolved via Indian law, not arbitral award: Somanathan
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Retrospective tax was indefensible; burying it shows pragmatism

Institutional arrogance in taxation has cost India dearly in terms of its image as a business-friendly, rule-driven country

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retrospective tax | Indian Economy | Capital Gains Tax

Shankar Sharma 



Shankar Sharma, Vice chairman & joint managing director, First Global
Shankar Sharma, cofounder, First Global

I distinctly remember the union budget in which Pranab Mukherjee, as Finance Minister, sneakily introduced the . I was at a post- budget panel and as usual for all budgets the entire panel, including me, were busy giving 11 marks out of 10. That was until somebody whispered into our ears that in the fine print, there was a clause bringing in a amendment to ensnare Vodafone.

Disclaimer: Views expressed are personal. They do not reflect the view/s of Business Standard.

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First Published: Fri, August 06 2021. 08:08 IST

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